GST on e-commerce explained with Restaurant example
With effect from 1st Oct 2018, e-commerce companies like Amazon, Flipkart etc were made liable to collect TCS (tax collected...
CBDT approves Indian Institute of Science Education & Research under Section 35(1)(ii)
CBDT approves ‘Indian Institute of Science Education and Research, Tirupati (PAN: AAAAI9820P)’ under the category of ‘University, College or Other...
Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns
Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns 24/01/2023 Recently, a functionality of "Automated...
Tax Implication on Gifts Under Section 56(2)(VI) of Income Tax Act, 1961
Income Tax Act defines taxable gifts as under “gift means property which is a capital asset of the assessee (i.e.,...
Applicability of Corporate Social Responsibility – Companies Act 2013
Section 135 of Companies Act, 2013 provides for provisions regarding Corporate Social Responsibility (CSR) requirements for companies. Every company falling...
List of Services covered under RCM in GST
According to Section 9 of the CGST Act, 2017, the government announced a few particular kinds of supplies of goods...
List of Goods covered under RCM in GST
According to Section 9 of the CGST Act, 2017, the government announced a few particular kinds of supplies of goods...
RCM under GST on Goods & Services
Section 9 of CGST Act, 2017 : Levy and Collection includes two major section of Reverse Charge Mechanism which is...
Remuneration payment to Whole Time Directors of Public unlisted Companies
1. What is meant by remuneration? Clause 78 of Section 2 of Companies Act, 2013 defines ‘Remuneration‘ which means any...
Quorum for Board Meeting and Interested Director
Quorum Quorum means the minimum number of directors who are required be present at the meeting to make the proceedings...